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As an employer are you aware of the reporting obligations under the Malaysian Income Tax Act 1967. Melayu Malay 简体中文 Chinese Simplified Guideline for Personal Tax Clearance Form CP21 CP22A CP22B.
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. An incentive on income tax is given for 5 years which is calculated based on a formula. MSC status companies that indulge in high capital intensive dealings can claim a 100 tax exemption on statutory income for 55 years or claim an ITA of 100 QCE against statutory income for 5 years.
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